AG Mortgage Investment Trust (MITT) Scheduled to Post Earnings on Tuesday

AG Mortgage Investment Trust (NYSE:MITT) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect AG Mortgage Investment Trust to post earnings of $0.20 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

AG Mortgage Investment Trust (NYSE:MITT) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). AG Mortgage Investment Trust had a return on equity of 9.44% and a net margin of 17.20%. The company had revenue of $99.82 million for the quarter, compared to analyst estimates of $17.00 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, analysts expect AG Mortgage Investment Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

AG Mortgage Investment Trust Price Performance

Shares of AG Mortgage Investment Trust stock opened at $7.19 on Friday. The company has a market capitalization of $212.03 million, a P/E ratio of 4.64 and a beta of 2.04. AG Mortgage Investment Trust has a 1 year low of $5.06 and a 1 year high of $7.95. The business has a 50 day moving average price of $7.45 and a 200 day moving average price of $6.98.

AG Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 30th were paid a $0.19 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 10.57%. AG Mortgage Investment Trust’s payout ratio is currently 49.03%.

Wall Street Analysts Forecast Growth

MITT has been the subject of several recent analyst reports. JMP Securities lifted their target price on shares of AG Mortgage Investment Trust from $7.50 to $8.50 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. StockNews.com cut shares of AG Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler initiated coverage on shares of AG Mortgage Investment Trust in a research note on Friday, July 26th. They issued an “overweight” rating and a $9.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.00.

AG Mortgage Investment Trust Company Profile

AG Mortgage Investment Trust, Inc operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities.